Jamie Oliver's teenage cooks serve up their first profit

The venue, in east London, was established in 2002 and formed the basis of his Channel 4 series Jamie's Kitchen, which showed the trials and tribulations of the trainees as they struggled with their new careers. Figures to be posted tomorrow at Companies House will show pre-tax profits of £197,925, compared with a £166,000 loss in 2003. During its first year, the restaurant had a loss of £600,000 owing to the huge start-up costs.

Oliver has set up another branch of the restaurant in Amsterdam and hopes to open further outlets in Cornwall and Melbourne, Australia. The fast-talking chef, now starring in Jamie's Great Italian Escape, said: "This is a result of the amazing hard work of all our staff who work tirelessly to make sure that every customer has a great time when they come to Fifteen. We anticipate even better results next year and the year after."

Future profits will go into the charitable Fifteen Foundation, which oversees the costs of staff training and contributes towards opening further restaurants.